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a responsible plan to balance the budget. the plan will hold washington accountable to fix our broken tax code and repair the safety net, expand opportunities for american families, and create a more accountable and efficient and effective government. the budget will help promote a path to energy security by increasing opportunities to expand production of america's abundant energy resources and this budget will stop the unfair use of funding from hard- working americans. as a job creator and a cpa, i have seen firsthand how domestic american energy production can be a valuable component in creating jobs and fixing our nation's balance. the u.s. has combined recoverable and natural gas, oil, and coal and that is the largest in the earth, larger than russia, saudi arabia, or china. today, the united states is known as the saudi arabia of natural gas. the chart on the screen, if we can bring it up, illustrates how we can bring revenues by hundreds of billions of dollars by not enacting punitive taxes and by expanding exploration for energy on federal lands and oceans. the loss potential is also
. he's planning this year to abolish the corporate and individual income tax, moving in a very different direction than the national democrats want to and winning elections with that approach. so there's a lot to be learned both by the failure of the romney campaign and the senate races and the successes the republicans have had at the state level. >> host: and we're taking your calls in this segment with grover norquist with americans for tax reform. the phone lines are open. democrats, 202-585-3880. republicans, 202-585-3881. independents, 202-585-3882. grover norquist known as an expert on some of these budget issues. you bring up the senate budget that we saw from budget chairwoman patty murray last week with. talk about that and how you think it compares to paul ryan's budget. >> guest: there are two major differences. they certainly go in different directions. the paul ryan budget balances in ten years and does not raise taxes. patty murray's budget never balances and raises taxes $1.5 trillion over the next decade. so what the democrats and patty murray are saying in add
chairman paul ryan. he says that it will balance the budget in 10 years without raising taxes by reducing spending over the next decade by 5.7 trillion. it would also repeal president obama's health care law and make changes to thed to and medicare. this portion of the markup is 2-1/2 hours. . under the structure we have developed we will begin by having presentations on the budget in our control by the majority and hour controlled by the minority i will make an opening statement and then mr. valholen will also make an opening statement. any other members may enter statements into the record. the remaining time left and then the minority will use the remaining time left in its hour. mr. valholen's time and my time will come out of our hour. after the presentations we will have a staff walk through which means members can ask questions they have. after the staff walk thru, we will proceed to the amendments in a structure that i have worked out with the ranking member the structure that we have had standing tradition of. i will describe that when we get to that point. we will do tier 1, 12,
think about pat to marry -- patty mariposa proposal that includes spending cuts and tax increases. here are the numbers to call. here is the headline in the baltimore sun this morning. the budget plan -- the senate democratic plan released yesterday would raise taxes on the wealthy and some corporations -- we focused yesterday on the gop proposal and we will reflect on that a little today as we dig into one democrat tab on the table. here's the headline in the washington times. that's the direction the washington times is taking. we will look at a couple other headlines and how they are covering this story. the headline in the new york times says -- we will hear more about that this morning and that is coming into play as well. let's listen to senator patty murray, the head of the budget committee. she unveiled her 2014 budget plan yesterday afternoon. [video clip] >> are budget tackles this issue the way the american people have consistently said they want it done, with an equal mix of responsible spending cuts across the federal budget and new revenue raised by closing loopholes and c
. but listen to this. the democratic budget calls for $1 trillion in tax increases over the next 10 years. how are you going to grow an economy with that? and every working american is going to pay some of those taxes. let me ask you, let me ask you this. are you already not paying taxes through the roof? i am. property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the highest tax rate in europe. u.s. corporate tax is already the highest in the world, already. and there is no doubt president obama wants to raise them even further. so, again, is this a sound economic policy? is this going to grow the economy in the u.s.a.? is it? finally, the president and the democratic party have failed to tell the american people exactly what programs they will cut in the future, if anymore. once again, there is no specific entitlement reform put forth by the president. this is r
of that magic fairy dust that ways and means is going to use to be able to eliminate the alternative minimum tax, be able to lower the top rate to 25%. you go through the areas that are outlined here on page 73, whatever that magic ways and means very dust is that allows us to do these magical things, let's do the same and at least at a minimum be able to maintain and increase in the budget authority and the outlays for the function for hundred so that we can continue at least at the current, inadequate level, rather than see a reduction of about one-third. i think this is an important policy statement for the committee in advance of what i hope is a serious conversation about what is a crisis for many people in the country. ironically, i think most of us would agree infrastructure investment is the quickest way to provide family wage jobs and improve the economy in every one of our districts, in every state in the union. i would turn, if i could, to my colleague, mr. polcan, who has some of the rations. >> i am glad you brought this amendment forward, mr. blumenauer. when i was on the joint com
of dollars of emergency crash and creditors impose onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they h
? if you are tired of washington's high taxes and big spending here is one w to stick it to the man >> tom: okay, you go first. i'll be right behind you. i have seen a lot of tax protestors and they do put them in prison when they don't pay their taxes. yes, people go to jail. i'll let you fight the battle first. thanks to everybody that contacted the show. keep your comments coming in. tom sullivan show, we're open for business 24/7. check out our facebook page, and then tom sullivan show. there is a lot of tom sullivan show, you can follow me on twitter at sullivan radio and all the things to contact us on the web my main webpage which is tomsullivan.com. thanks for joining us. make sure to tune in to the radio show. listen in through our fox news radio app. download it from itunes. you can hear us online by clicking live button on my main website. we or radio every day from 3:00 to 6:00 p.m. eastern time. we'll have another great show weekends. "the willis" report is coming up next. gerri: hello, i'm gerri willis live from the at atlantic city. tonight, new obamacare fees catching emplo
to raise taxes in virginia in order to deal with transportation problems. it's also worth noting that people are noting the absence of those two, and the presence of people like mitt romney who has said he's never going to run again, and a lot of republicans think he has admitted ran a campaign with some flaws along the donald trump and sarah palin raises questions about the absence of mcdonnell and chris christie. there will be a straw poll here. it doesn't mean a heck of a lot other than republicans are already keeping score. and one more thing, jon. yesterday when we were talking about deliberate irs taxes, i said one in ten were delinquent, it's actually one in a hundred. i don't want the irs angry at me. so made a mistake and cleaned it up. jon: all right. one in one hundred, and as you said, we'll see who shows up to the next cattle call for conservatives. carl cameron, thank you. jenna: well, an outpouring of reaction to the newly-elected leader of the catholic church. pope francis planning an inaugural mass in the sistine chapel. he told a crowd of some 100,000 people in
spending and increases taxes, is what the american people voted for back in november? is that what they voted for? >> do you know there's no one that challenges that america's on the road to recovery. if you think for one minute just saying that you are cutting spending, that doesn't mean that you are cutting savings. it doesn't mean you're not -- more money. >> neil: even under the -- we're cutting the growth. are you saying -- >> you're talking about -- jo congressman, yes or no, do you think cutting spending should be a goal? yes or no. >> should i think cutting -- yes, it's how you cut it, of course. everybody believes in cutting. >> neil: what would you cut? >> there's so much money that's already been cut. if we had the obama law, things were cut there. ryan knows it, because he took out the savings we had in the president's bill. even though he's against the bill, somehow he found it that the cutting of savings. >> you're saying what she wants to do is fine with you, even though it effectively calls for more spending, more taxing, and doesn't address these issues? >> i don't
, no one read it before it was passed, and there's quite literally a trillion dollars worth of taxes in the affordable care act. it's underappreciated, there's a tax increase on the economy to turn into big job growth impacts and turn into big cost of insurance impacts, and that's what the fee is for, it's there to get the startup of the new exchanges going and to ensure the high cost paicialghts are covered into the insurance products. gerri: what's interesting because there's a lot of people asking for exclusions already, and am i surprised that thedownon representing auto workers doesn't want to pay this. boeing, as i mentioned before, they are asking for exclusions. suspect this is case where virtually anybody with more than say a thousand employees is going to be knocking on the white house doors asking for personal consideration? >> we, of course, you would. this is a cost of doing business, going to be substantial, and unanticipated cost. we saw this with all the regulations that have been put in place to make obamacare go. one by one, they show up and ask for exclusions becau
and meaningful steps to reduce tensions. >> taxing more, borrowing more, and spending more is not a path to prosperity. >> republican budget is same baby with a new diaper. >> the republicans are just totally bamboozled. >> we do not have an immediate debt crisis. >> we do have an immediate problem. >> they think they got landslided and they didn't. >> more than half of our members have never dealt with the issue of immigration reform. >>> we start today with all eyes on one of the most volatile regions of the world. as the president prepares to fly to israel just a few short hours from now. and while the president and prime minister netanyahu already have a congested agenda, ranging from the arab spring, to the israeli/palestinian conflict, there was yet another disturbing development today in syria when both the rebels and forces loyal to president assad accused each other of firing chemical weapons that syrian state tv has said killed at least 25 people in the north of the country. the white house sounded a skeptical note but warned against any further escalation of violence. >> on th
are losing due to this tax. >> hank smith, it is pretty extraordinary depositors have to pay for a bailout they didn't necessarily authorize. what do you think about what peter said? is this a recipe that would be used elsewhere in the world? >> i highly down it, maria. look, i think we should take great confidence in our banking system now compared to where we were four or five years ago. our banks are very healthy. t.a.r.p. was a good thing. it protected the financial system and the confidence in the financial system. and our banks are in great shape -- >> they're in the worst shape they've ever been. >> oh, no. >> they're a few interest rate hikes away from insolvency. that's why the fed is keeping rates at zero. >> wait a second. peter, you're saying the banks are a couple interest point ace way from insolvency? >> why to you think when the fed did the stress tests they didn't ask the banks to stress test a collapse in the bond market? they only looked at the stock market or maybe real estate. when interest rates rise substantially, the major banks are going to fail. their balance shee
washington times" -- there are no sacred cows that calls for $1 trillion in new taxes. what's your takeaway? guest: well, what it does is also call for substantial cuts, but it deals with deficit reduction in a balanced way. what the republicans want to do is do deficit reduction simply by cutting, cutting, cutting. doing away with medicare as we know it. right now converting that into a voucher system which we very, very onerous for senior citizens, making devastating cuts in medicaid which means that millions of millions of american people and kids will lose their health insurance. massive cuts in education, in nutrition. basically every program that in the middle of a terrible recession working people depend upon would be done away with. what my view is -- i think the senate agrees what the committee is moving toward is to say, wait a second, we are seeing a middle class collapse, poverty at a high rate while the wealthiest and corporations are doing extraordinarily well. we are looking at record breaking profits for corporations and yet their effective tax rate is the lowest since 1972.
with your tax dollars. now more than 300,000 federal contractors are dodging paying their taxes if you can believe this story. a democratic lawmaker is going after those workers and she will join us next. bill: also this picture became a symbol of washington waste after taxpayers paid for a lavish las vegas conference. government workers attending there including this guy in the hot tub. wait until you hear what this federal agency is doing now. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> announcer: meet mary. she loves tohop online with her debit ca and so does bill, an identity thf who stole mary's identity, took over her bank accountand stole her hard-earned money. unfortunately, millions of ericans just like you learn misplaced information to wreak havoc on your life. this is identity theft and no one helps stop it better than
of control debt, out of control taxes, out of control regulation, that's the only other period. president reagan came in facing that stagnation and he implemented policies the exact opposite of barak obama. in fact, it's interesting. 79 to 83, economic growth was 0.8%. today it's 0.8%. for the exact same period. because obama didn't learn the lesson from reagan that if you want to turn the economy around, you cut taxes, you reduce spending, you reduce the debt and don't send regulators like locusts to destroy small businesses and jobs. [ applause ] do you know if president obama had followed the reagan policies and we had seen the identical growth that president reagan saw inheriting the same lousy economy barak obama did, do you know that today we would have 7 million additional new jobs in america? let me help make that a little more concrete. 7 million new jobs is the equivalent of giving a job to every man, woman and child in chicago, houston, philadelphia, and boston. that's what we're talking about. [ applause ] and the stagnation under president obama doesn't fall uniformly. listen
of this rescue are much different than the other ones. their bank deposits will be taxed. if you have over 100,000 euros in the bank 9.9 percent levy. less than, 6 and three quarters percent. many nervous people tapped out the atm. a lot of russians have money in cyprus. it is up for a parliamentary vote this afternoon. it can be changed and amended to penalize the smaller for less. the good news is markets in cyprus are closed today for holiday. futures are reacting very negative. >> that's scary the government. nabbing your money like that. people at the office notice younger people can be i am mature. >> appearance punkality and honesty all matter in the workplace. a survey of 400 human resources say a third of the highers aren't professional. 40 percent say they lack work ethic. 52 percent new hires have this heir of entitlement. might be they are more confident. they might have been coddleed by their parents. in this tight job market there's a lot of ways you can turn your passion into your job. many of the candidates might be saying i am too good for this job. >> they need the job to mak
taxes feel like a round of golf. for this reason, there are some who believe the only way to expose obamacare and rescue the health care system is to let nature take its course, to let it go into effect as soon as possible. they say the sooner it collapses, the sooner we can repeal it and start over. the gentleman from texas and i and everyone else supporting this amendment rejects that logic. we cannot in good conscience send millions of immigrant americans into a dangerously dysfunctional health care system run by unaccountable if well-intentioned bureaucrats. we will not sacrifice millions of families to prove a political point. people's lives and livelihoods are at stake. the american people are not pawns in washington's partisan political gain. we work for them, not the other way around. as public servants, we have an obligation to protect the american people, those who elected us to serve. obamacare is going to hurt our country, our economy, our constituents, our friends and our neighbors. it is the single greatest threat to our economy and to our health care system. eventuall
's budget gridlock in washington and higher taxes on the horizon and exploding government debt. we'll have the angles, good and bad because on "varney & company" we keep it real and we're about to begin. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-cond stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >> good morning, "varney & company" viewers. today is friday, march 15th and while it's the same story from lawmakers in washington, gridlock on the budget. we've got two different visions of the way the country should be. the main theme from the democrats, tax the rich and lawmakers of course
. we don't believe that we ought to be raising taxes on middle income americans, which is exactly what the ryan budget will do. if you are going to sort the voucherize medicare, and then say to them with this voucher, you shop around, but then i've got to make up the difference with the insurance, then that's raising taxes on people who are on medicare. at the same time, you cutting taxes to people in the upper income categories. then we want a block grant, medicaid. that means that there are seniors who will find themselves being shopped around from state to state to find which nursing home will be able to take them. that is the kind of stuff that we ought not have. we ought to have a national medicaid program, a national medicare program, and it should be a guarantee. it should not be a voucher to shop around to insurance companies. >>> but congressman, there's going to have to be compromise before anything gets done. from the president's vision, if there is to be another grand bargain, it would require changes on entitlements. are you and the other members of the democratic caucus w
for virginia, which required them to raise taxes i think on the gas tax or somehow to pay for these highway improvements and god knows northern virginia particularly needs them. no, because he did that and made a deal with the federal government, the department of transportation, he was not invited to cpac. but all of the rest of the crazies were. and it turned out, there was a big split yesterday in the message. -- the messages given to cpac. first of all rand paul scale in hot off of his drone filibuster and said the party needs a shakes-up and a new cleansing. >> the got of old has grown stale and moss-covered. i don't think we need to name any names. do we? >> you know who he is referring to. >> our party is inc. covered by an incounsistent approach to freedom. the new g.o.p. will need to embrace liberty in the comic and the personal sphere. >> which is sort of saying all much those emphasis on the social issues? right? liberty on the personal spear means get the government out of my bedroom. this is the libertarian speaking. when he says, i don't need
even though republicans have given up $600 billion six weeks ago and saying you got your taxes and now we want to see some spending cuts. are those two positions in concrete and intractable? >> i don't think so. the only time i would flatten the tax code and i think that is a good idea, by the way, to eliminate a lot of the loopholes and deductions but what do you do with the money? i would like to put some on the debt and buy down tax rates particularly the corporate rate to create jobs. we need economic growth. for me to o do that he has to embrace entitlement reforms. social security and medicare are going bankrupt. a demographic change in the country. 10,000 baby boomers retire a day. medicare and social security are unsustainable. if the president will help me save medicare and social security and refor reform medii will flatten the tax code but not going to do one without the other. i'm looking for the biggest spending cut in the history of the country along with reforms to save medicare and social security from bankruptcy. then i will do revenue. >> mike: for the first time sinc
and start reporting new revenue, not higher taxes but closing those tax loopholes to raise new revenue, but john boehner once again says don't talk to me about raising taxes. all nothing funner than watching republicans eat each other alive. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. >> if you believe in state's rights but still support the drug war you must be high. >> "viewpoint" digs deep into the issues of the day. >> do you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. you know who is coming on to
in taxes. so, let's do the math here. leaving a deficit this year alone of $900 billion which will then be added to the nearly $17 trillion debt. democratic party doesn't seem to care. and liberal americans are putting all of us in danger by their inflexibility on the spending issue. republican senator tom coal berne indicates the senators could save almost 300 billion bucks a year simply by cutting out waste in duplicate programs. let's get very specific for you doubters out there. very specific. please consider these facts. am i being nice? the national institutes of health recently awarded $1.5 million to a boston hospital. to study why many lesbians are overweight and most gay men are not. the feds calling this a silg can't -- significant public health issue. are you kidding me? why am i paying for that? let the overweight lesbians go to weight watchers if they want to like everybody else. here is another one, nasa will spend close to $1 million. researching a quote, mars menu. recipes for food that could some day be served on the planet mars. here is a bulletin. money is
of middle-class families while the wealthiest americans get yet another tax break. after wasting valuable time last congress, voting more than 30 times to repeal health care reform rather than focus on jobs and the economy, the republican budget again calls for its repeal. in addition, their budget ends medicare as we know it, and surprise, surprise, turning it into a voucher program that reduces benefits and leaves seniors paying higher out-of-pocket costs. while this budget blueprint is still lacking in specific details, it is clear that in order to meet the spending targets it outlines, house republicans will slash investments in key areas that are essential to economic growth and job creation, education, job training, science and research will all be on the chopping block in order to reduce the deficit with little regard for the jobs that would be lost and the impact it would have on our nation's competitiveness. the republican budget factors and the sequestration's arbitrary cuts over the next decade, something else that's being rejected by the american people. for new mexico, this m
to tax private bank accounts up to 10%. and now citizens in cyprus are in panic mode rushing to a.t.m.'s. there's a run on banks there as people try to clean out their savings before the tax hits them. >>ainsley: this is to help bail out the cash-strapped country. something like this, could it happen in america? we're asking our guest stuart varney. good morning. >> theoretically, yes, it could happen here. if congress passes a law which taxes wealth -- that is a bank deposit -- yes, it could happen here. in practice, it will not happen here. >>ainsley: it will be a riot. >> plus america can print its own money. you can print dollars to get out of trouble if you're in extreme situations. cyprus uses the euro, somebody else's currency. >>brian: the problem is this is the deal they cut in order to survive. the e.u. gave them this money and said this is some of the austerity things you must do. >> cyprus is bankrupt. it needed an extra $13 billion to keep going. the europeans said we'll give you the money, but you've got to give some of it back from the deposits of everybody in the c
acts which enforced a heavy tax and banned indians from collecting or selling salt. gandhi and dozens of supporters set out for the coast where they planned to make their own salt from sea water. by the time they got there gandhi's followers numbered in the tens of thousands. his campaign of nonviolence civil disobedience auto would soon spread across the subcontinent. after 17 years britain finally granted india its independence. gandhi took a giant step towards freedom 83 years ago today. and now you know the news for this tuesday, march the 12th, 2013. or wednesday march the 13th here because it's past midnight but don't worry about it. when you get up tomorrow, it will be wednesday. unless -- i'm shepard smith. we will see you back here tomorrow or later today as we continue to watch for a new pope. our coverage begins at 4:30 in the morning eastern time. i dare you to get up with us. until then, good night. >> bill: the o'reilly factor is on. tonight. >> medicare and medicaid. >> bill: that is not a specific program. alan colmes back tonight and we will present some very specific
-term spending that we need to deal with. but he's going to hold hostage the fact that he wants to raise taxes on the american people. >> again, if the president wants to let our unwillingness to raise taxes get in the way, then we're not going to be able to set differences aside and focus on what we agree on. >> so with -- obama himself down played the outreach during remarks last night to his policy armoring for ak action. >> the press in washington has been reporting about obama's charm offensive. all i've been doing is calling up folks and trying to see if we can breakthrough some of the gobbledygook of our politics here. >> joining me this morning is tennessee republican congresswoman diane black who is scheduled to speak tomorrow at cpac and she attended yesterday's meeting president obama. it's great to have you here. i want to start out talking about speaker boehner. he has an op-ed out today in the "washington post" saying that for all of washington's focus on the president's outreach to republicans, its his engagement to members of his own party determines if we succeed. this was sai
down. even though he pay taxes in the city he was not allowed to get a card. there were two cases going on at the same time. wilson andase for the court case for these five young men. there is no reason to send these young men to jail to serve any time for what they did. it has been said he asked for a continuance for the court case. essentially the charges against the men were dropped. "washington journal, continues. you may have seen one of the speakers at cpac sessions, senator rand paul. on thursday he said the gop has "grown moss covered." gop of all has grown stale and moss covered. think wehe -- i don't need to name any names. our party is encumbered by an inconsistent approach to freedom. the new gop would need to embrace liberty in both the economic and personal sphere. [applause] have are going to republican party that can win it needs to be the backbone of the gop. host: sees the american conservative union chairman. thank you for joining us. what do you think about the thoughts of old versus new? the theme of our conference is america's future, the next generation of conserv
have bank accounts would be taxed one time on their deposits. so if someone has an account with $129,000 or less, they would have to fork over almost $9,000. that's a 6.7% tax. people who live there as you can imagine, they're really nervous about this tax. over the weekend, many rushed to withdraw their money out of the bank. this is what's unnerving the markets right now. about 15 minutes before the opening bell. >> al wlis siclisoison kosik li york stock exchange. >>> the heat tied a leg record for the second most con secreta consecutive wins. they will try to extend the streak in boston tonight when the celtics have their own run going, 11 straight home wins. >>> another miami basketball team is also on a roll, though. the university of miami hurricanes beat north carolina to become atlantic coast conference champs and advance to the ncaa tournament. 67 other teamses are in the big dance which tips off tomorrow. that means it's time to fill out those brackets. carlos diaz is checking a huge one here in the cnn center. wow, carlos. ♪ ♪ indiana, indiana, we're all for you, we w
because of the near 40% federal tax rate and the 15% state tax rate and doesn't include, state taxes, payroll taxes, extremely high. >> clayton: gas prices are through the roof there. >> alisyn: on and on. >> tucker: i don't think he should complain, he's one of the reasons why. as a native california, i blame bill maher. that's my home state, i think he should be quiet and pay the taxes. >> alisyn: maybe a change of heart. >> tucker: maybe, but i think he should pay the results of his consequences. doesn't run away at that jackson hole, bill maher. >> clayton: perhaps headed to cpac, i don't know if that's going to happen. a straw poll squeaker yesterday in cpac, two raising republican stars neck and neck. only one could come out on top. elizabeth prann. >> reporter: and wrapping up the three day stint, leaving rand paul feeling charmed after he won the straw poll. after the filibuster on the floor. and coming in second, florida senator marco rubio, about 23% of the vote. rick santorum 8% of the vote and followed by governor chris christie who wasn'tnvited. there was serious discus
i'm listening but we've got to begin this talk by raising taxes. and then they got into some policy. >>alisyn: let's hear more about exactly what was said in these meetings. >> one of my favorite moments was when one of my colleagues said mr. president, it is not all that helpful to have you publicly questioning our motives, publicly accusing us of wanting to eviscerate medicaid, for example, simply because we want to call for reform or block grants. >> and his answer was? >> i don't speak nearly as badly about you as some of you do about me. >> who asked that? >> it was jon [inaudible] i thought he did a great job in answering the question. he was deferential in the way he did it. the point needed to be make. the president's response was unsatisfactory. it overlooked the fact that most of the time we criticize him but we generally don't question his motives. we don't question whether or not he generally cares about the american people. that is a problem. that is a difference. >>steve: you can tell the vicious attacks over the last couple of years really hurt. okay, he's up here now
a robust debate on tax reform? that is sitting out there and no one is moving on it and everyone is very unhappy with the tax code as it currently exists and there are some opportunities there to pick up some additional revenue. but, at the same time, it would send a signal, i think, across the entire spectrum of the country maybe they can get something done. >> i agree with you. you're an experienced observer of these things. why can't we have this? the simpson-bowles system is hire tax reform and we are trapped. >> i don't know why the president just doesn't reach out and say we are having trouble with these other issues. this is one in which we can all gather at the same place and get something done. >> isn't the argument what to do about the -- that's where everyone sort of breaks. the president is saying, it's not -- some of it should be used to -- some of it should go back into the government and some of it could be used to lower tax rates. >> the president is not spending the good tax reform and debate is why. washington loves to talk about taxes. a long time now sideways spending
street. fortune 500 ceo's embrace his tax hikes while small businesses shutter their windows. we're for millionaires and billionaires? come on. don't tell me democrats are the ones looking out for working families. the only thing this administration's economic policies have accomplished when it comes to class is to insure that the poor stay poor. [applause] s and that the middle class lose their ability to become rich. and that the richest among us are forever insulated, forever insulated by a government that protects them from failure. ladies and gentlemen, never before has there been so little risk that rich could become poor, or that poor could become rich. don't tell me democrats are the party of compassion. if you ask me, the liberal idea of helping the poor was to lot more like fly paper than a safety net. [applause] we're concentrated on enabling dreams. they're focusing on managing expectations. don't come to me with that and tell me republicans out of ideas when the entire democratic agenda was done in the truman administration. we're in the days of ipad and they haven't
unpopular tax on private savings accounts failed to collect a single yes vote. for more, let's check in with with my cube mate in cyprus. michelle, you made it. >> reporter: yeah, we made it finally after lots of delays. now it's mission critical and a search for plan b. last night the parliament roundly said we don't want to attach the deposits of the banking system here. but the situation is they still have to come up with nearly 6 billion euros. remember what the end game here. this country has gone to other european countries and said we need a total of 17 billion euro toss bail out our banks and keep our government afloat. and they said we'll give you 10 billion. you have to contribute something yourself. you know where all the money is in this country? it's in the banking system. it's a huge banking system, eight times the size of their economy. consider this, brian, if the us banking system was as big relative to the u.s. economy as cyprus is, we would have 45 more banks the size of jpmorgan in the united states. that's how big it is. that's why there's a need to tax deposits.
that we saw on taxes, and the payrolls are starting to finally, to finally hit and get realized from the employees who are out there. and then we've got, you know, headlines that have been coming out of europe, i think, that are mixing into the equation here. granted, yes, we've had ten days the market's been up, everyone's been waiting for this opportunity to hit the sell button, and they're just little bit little tapping the button. i would expected it would have been a little harder, but right now the market seems like it wants to hang in there but not enough steam. triple which today we've got a s&p reweighting, so a lot of volume, a lot of volatility towards the end of the day. i don't think we're going to end green but, obviously, in the overall big picture, the market still wants to move higher. a lot of economic data next week, i think the trend is still going to be there. cheryl: i want to go over to the cme, right now we're sitting at 1558, not getting there quite yet on the s&p. what do you make of that point that jonathan made, daniel, about nobody's hitting the sell butt
costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. squa championship game rapped up. winning the acc for the first time this school history, but still wasn't enough to earn them a one seed in the big dance. miami is a two seed in the east region. louisville number one overall. the other one seeds are kansas, indiana and gonzaga. last year's number one overall seed, kentucky, they failed to make the tournament this year. st. louis wrapped up the atlantic 10 title yesterday taking care of bcu. after the game they tried to get right to the airport so they could watch the selection show, but they got stuck in traffic in new jersey, so the entire team stopped off at a local best buy and set up their own watch party. shoppers joined them as they learned they would be the four
with $129,000, you would have been taxed $8,700, gone. taken right out of your account just like that. the people in cyprus protested and rushed to withdraw their money. look at the protest lines at the banks. any bailout needs to come with strings attached and the russians, guess what? why are the russians not happy about this tax? because about $30 billion, a third of money in cyprus belongs to russian people. russians park their money there because the taxes are so much lower. this would be a tax on russian money, too. for now the banks remain closed until thursday. the cyprus stock exchange remains closed. the uk is flying one million euros in cash to cyprus for british soldiers who might run short of money. this is a really interesting situation to watch here in cyprus. >> imagine your bank being closed. >> yeah. you have no access for three days. >> it's a reminder of how fragile and interconnected some of the pieces are in the european story. we're watching a recession deepen in europe. >> also when you think you have awe tax haven. >> that's right. >> christine, thank you. >>>
and asking why are your tax dollars going to such a radical country? log on to the website, we always want to hear from you, at hannity lilive.foxnews.com ad why am i sitening this chair, who hired me? and what about his background saw something in me didn't know existed. all that straight ahead. you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... go(mom) i rais my son to bester! careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes a subaru a subaru. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. with the bing it on challenge to show google users what they've been missing on bing. let's bing it on. [fight bell: ding, ding] how many here are google users? what if i was to tell you that you would actuall
you. and laze cheney and pat caddell will join me and asking why are your tax dollars going to such a radical country? log on to the website, we always want to hear from you, at hannity lilive.foxnews.com ad why am i sitening this chair, who hired me? and what about his background and what about his background saw something in me that i twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ [ engine revs ] an intense burning sensation i woke up with thi
of people worry at night. believe me, they're not sitting there saying, geez, let's have more tax breaks for the wealthy and more loopholes to corporates. >> that's where your party stands. >> we have fought that battle and it's a mistake. we've got to get back to talking to middle income people about how they can reach the american dream. that's why we lost pennsylvania and ohio, wisconsin, michigan. we've got to get back to having people feel like we understand their lives. we're not about just tax breaks for the wealthy. >> do you think -- i like your values here, by the way. i'd like to see your party really compete. democratic party offers pell grants, opportunities for working class kids to go to college, social security for people over 65 so they can avoid being below the poverty line. what has your party put up in that bidding war? what do you offer for those regular people? >> not enough. i'll give you way of example. we like to say that we're the pro life party. we're really not. we're the pro birth party. >> it's in your platform. >> we fight for the unborn. >> john, it's righ
raised income taxes on the wealthy. >> boo! >> took the marginal rate to the 75% and instituted a 2% payroll tax for social security. their goal? they wanted to start trying to balance the budget because the treasury secretary were worried about the long term deficit? does that sound familiar? the fed tightened rates. doing what all the bears say bernanke should do, betting that inflation could rage and rage easily. if the fed stayed even by which is what his critics are saying he should do right now. but when we went down this road in 1937 it sent the economy into an amazing tail spin. causing a recession within a depression. it was an economic calamity that was totally avoidable and the people in power made different, smarter choices. especially the federal reserve. ben bernanke does not want history to repeat itself. he's not going down the path of what the fed did in 1937. he's not stupid. even though that's exactly the path unfortunately that the president and congress are taking. bernanke recognizes that obama and congress have repeated the errors of 1937 down to a tee. he can
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